By Getty Goh & Dr Seh Huan Kiat
To begin, I would like you to visualise a scenario. Somewhere in South East Asia, there is an aspiring property developer. Let us just call him Bishwas. Bishwas just found the perfect piece of land to build a small backpacker inn. Having worked as a construction project manager, he had been involved in similar real estate projects and has the necessary knowledge to realise the development.
Bishwas has also done a financial feasibility study and all indications show that he will make good returns from this project. Apart from monetary incentives, he believes that his backpacker inn will be able to benefit his community by offering direct employment opportunities for the builders as well as for staff who he will hire to help maintain the inn. There could even be a spillover effect brought about by the project as small businesses, ranging from makeshift food stalls to rudimentary tourist services, could spring up to support the development and theRead More »from Real Estate Crowdfunding – a different ballgame in South East Asia